Tax- the big unknown

Tax Compliance vs Tax Planning

​ What is the law?

According to Judge Learned Hand "Anyone may arrange his affairs so that his taxes shall be as low as possible, he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase ones taxes over and over again. The courts have said, that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands.

So, are you using the law to your advantage, or are you just being compliant?